Share Price and Basic Stock Data
Last Updated: December 13, 2025, 3:26 am
| PEG Ratio | 0.10 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Force Motors Ltd operates in the light commercial vehicle (LCV) and heavy commercial vehicle (HCV) segments, and its recent performance underscores a robust recovery trajectory post-pandemic. For the fiscal year ending March 2025, the company reported sales of ₹8,072 Cr, a remarkable increase from ₹5,029 Cr in the previous year. This growth is not merely a rebound; it reflects a consistent upward trend, with quarterly sales rising from ₹1,490 Cr in March 2023 to ₹2,356 Cr by March 2025. Such a performance indicates that Force Motors has effectively capitalized on the increasing demand for commercial vehicles, especially as the Indian economy continues to recover and expand. However, the company’s operational challenges, like fluctuating raw material costs and supply chain disruptions, could pose hurdles to sustaining this growth momentum.
Profitability and Efficiency Metrics
Force Motors has shown commendable improvement in its profitability metrics, with a net profit of ₹801 Cr for FY 2025, a significant recovery from a loss of ₹91 Cr in FY 2022. The operating profit margin (OPM) has also improved, standing at 14% for the latest fiscal year, compared to just 6% in FY 2023. This rise in profitability is further highlighted by an impressive return on equity (ROE) of 26.39% and return on capital employed (ROCE) of 25.49%. These figures suggest that the company is utilizing its capital efficiently to generate earnings. Additionally, the interest coverage ratio (ICR) is exceptionally high at 44.43x, indicating that Force Motors can comfortably meet its interest obligations, thereby reflecting strong financial health. However, the company must navigate the challenges of maintaining these margins amid potential cost pressures and competitive dynamics in the auto sector.
Balance Sheet Strength and Financial Ratios
The financial stability of Force Motors is underscored by its strong balance sheet, highlighted by zero borrowings as of March 2025. This absence of debt allows the company to operate with a clean slate, enhancing its ability to reinvest in growth opportunities without the burden of interest payments. The company’s reserves have grown to ₹3,493 Cr, a clear indication of its retained earnings and financial prudence. The price-to-book value ratio stands at 3.93x, suggesting that the stock is trading at a premium relative to its net assets, which could be justified by its strong growth trajectory. Furthermore, the current ratio of 1.50x indicates that the company is well-positioned to meet its short-term liabilities, while an inventory turnover ratio of 6.88x reflects efficient inventory management. However, the company’s reliance on sales growth for maintaining financial health could be a double-edged sword if market conditions shift unexpectedly.
Shareholding Pattern and Investor Confidence
Force Motors’ shareholding structure reveals a stable promoter holding at 61.63%, which can instill confidence among investors regarding long-term strategic vision and governance. Meanwhile, foreign institutional investors (FIIs) have increased their stake to 10.27%, indicating growing interest from overseas investors, which often signals confidence in the company’s future prospects. However, domestic institutional investors (DIIs) hold a modest 1.48%, suggesting a cautious stance among local funds. The public shareholding has seen a decline to 26.63%, which could raise concerns about liquidity in the stock. The number of shareholders has increased to 72,334, reflecting a broadening base of retail interest. While the stability in promoter holding is a positive sign, the relatively low DII participation might indicate a wait-and-see approach among domestic institutional players.
Outlook, Risks, and Final Insight
Looking ahead, Force Motors appears poised for continued growth, driven by the increasing demand for commercial vehicles in India’s recovering economy. However, several risks loom on the horizon. Supply chain disruptions, potential regulatory changes, and rising commodity prices could impact profitability and operational efficiency. Moreover, competition in the auto sector is intensifying, particularly with the shift towards electric vehicles, which could require significant investments from traditional auto manufacturers. Investors should remain vigilant regarding these factors as they assess the stock. Overall, while the financial metrics are promising and suggest a strong recovery, the company’s ability to navigate these challenges will ultimately determine its long-term success. As always, a balanced approach considering both strengths and risks will be essential for informed investment decisions in the evolving landscape of the Indian automotive sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Force Motors Ltd | 22,946 Cr. | 17,415 | 22,000/6,125 | 28.0 | 2,661 | 0.23 % | 30.0 % | 20.8 % | 10.0 |
| SML ISUZU Ltd | 4,611 Cr. | 3,187 | 4,745/1,028 | 32.6 | 307 | 0.56 % | 27.1 % | 36.4 % | 10.0 |
| Olectra Greentech Ltd | 9,960 Cr. | 1,214 | 1,714/974 | 69.7 | 137 | 0.03 % | 20.5 % | 14.3 % | 4.00 |
| Tata Motors Ltd | 1,47,974 Cr. | 402 | 538/324 | 6.84 | 316 | 1.49 % | 20.0 % | 28.1 % | 2.00 |
| Ashok Leyland Ltd | 96,249 Cr. | 164 | 165/95.2 | 28.8 | 21.4 | 1.91 % | 14.3 % | 28.8 % | 1.00 |
| Industry Average | 56,348.00 Cr | 4,476.40 | 33.19 | 688.48 | 0.84% | 22.38% | 25.68% | 5.40 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 971 | 1,264 | 1,304 | 1,490 | 1,488 | 1,802 | 1,692 | 2,011 | 1,885 | 1,941 | 1,889 | 2,356 | 2,297 |
| Expenses | 930 | 1,166 | 1,250 | 1,372 | 1,310 | 1,581 | 1,477 | 1,733 | 1,640 | 1,664 | 1,658 | 2,027 | 1,974 |
| Operating Profit | 41 | 98 | 54 | 118 | 177 | 221 | 215 | 279 | 245 | 277 | 232 | 329 | 323 |
| OPM % | 4% | 8% | 4% | 8% | 12% | 12% | 13% | 14% | 13% | 14% | 12% | 14% | 14% |
| Other Income | 7 | 12 | 5 | 246 | 11 | 9 | 4 | 18 | 15 | 9 | 20 | 418 | 25 |
| Interest | 14 | 20 | 17 | 18 | 18 | 16 | 14 | 14 | 9 | 5 | 4 | 7 | 0 |
| Depreciation | 57 | 61 | 60 | 63 | 63 | 67 | 68 | 68 | 69 | 69 | 71 | 72 | 70 |
| Profit before tax | -23 | 30 | -18 | 284 | 107 | 147 | 137 | 214 | 182 | 211 | 177 | 668 | 278 |
| Tax % | -29% | 36% | -14% | 48% | 36% | 36% | 37% | 35% | 36% | 36% | 35% | 35% | 36% |
| Net Profit | -17 | 19 | -16 | 147 | 69 | 94 | 85 | 140 | 116 | 135 | 115 | 435 | 176 |
| EPS in Rs | -12.61 | 14.61 | -11.83 | 111.25 | 52.06 | 71.24 | 64.81 | 106.45 | 87.81 | 102.47 | 87.51 | 329.92 | 133.82 |
Last Updated: August 19, 2025, 3:29 pm
Below is a detailed analysis of the quarterly data for Force Motors Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,297.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,356.00 Cr. (Mar 2025) to 2,297.00 Cr., marking a decrease of 59.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,974.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,027.00 Cr. (Mar 2025) to 1,974.00 Cr., marking a decrease of 53.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 323.00 Cr.. The value appears to be declining and may need further review. It has decreased from 329.00 Cr. (Mar 2025) to 323.00 Cr., marking a decrease of 6.00 Cr..
- For OPM %, as of Jun 2025, the value is 14.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 14.00%.
- For Other Income, as of Jun 2025, the value is 25.00 Cr.. The value appears to be declining and may need further review. It has decreased from 418.00 Cr. (Mar 2025) to 25.00 Cr., marking a decrease of 393.00 Cr..
- For Interest, as of Jun 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 7.00 Cr. (Mar 2025) to 0.00 Cr., marking a decrease of 7.00 Cr..
- For Depreciation, as of Jun 2025, the value is 70.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 72.00 Cr. (Mar 2025) to 70.00 Cr., marking a decrease of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 278.00 Cr.. The value appears to be declining and may need further review. It has decreased from 668.00 Cr. (Mar 2025) to 278.00 Cr., marking a decrease of 390.00 Cr..
- For Tax %, as of Jun 2025, the value is 36.00%. The value appears to be increasing, which may not be favorable. It has increased from 35.00% (Mar 2025) to 36.00%, marking an increase of 1.00%.
- For Net Profit, as of Jun 2025, the value is 176.00 Cr.. The value appears to be declining and may need further review. It has decreased from 435.00 Cr. (Mar 2025) to 176.00 Cr., marking a decrease of 259.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 133.82. The value appears to be declining and may need further review. It has decreased from 329.92 (Mar 2025) to 133.82, marking a decrease of 196.10.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 3:20 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,022 | 2,364 | 3,025 | 3,069 | 3,423 | 3,652 | 3,081 | 1,988 | 3,240 | 5,029 | 6,992 | 8,072 | 8,484 |
| Expenses | 1,925 | 2,217 | 2,751 | 2,801 | 3,155 | 3,378 | 2,820 | 1,964 | 3,190 | 4,716 | 6,096 | 6,973 | 7,323 |
| Operating Profit | 97 | 147 | 274 | 268 | 268 | 275 | 261 | 24 | 50 | 313 | 897 | 1,099 | 1,161 |
| OPM % | 5% | 6% | 9% | 9% | 8% | 8% | 8% | 1% | 2% | 6% | 13% | 14% | 14% |
| Other Income | 60 | 66 | 71 | 86 | 69 | 82 | 3 | 2 | 52 | 268 | 37 | 446 | 471 |
| Interest | 9 | 7 | 5 | 6 | 7 | 15 | 28 | 28 | 41 | 68 | 62 | 26 | 17 |
| Depreciation | 85 | 81 | 92 | 113 | 129 | 151 | 195 | 174 | 191 | 241 | 267 | 280 | 281 |
| Profit before tax | 63 | 125 | 249 | 235 | 201 | 190 | 42 | -176 | -130 | 272 | 605 | 1,238 | 1,334 |
| Tax % | -24% | 19% | 28% | 23% | 27% | 25% | -20% | -30% | -30% | 51% | 36% | 35% | |
| Net Profit | 78 | 102 | 179 | 180 | 147 | 143 | 50 | -124 | -91 | 134 | 388 | 801 | 861 |
| EPS in Rs | 59.08 | 77.06 | 135.77 | 136.68 | 111.66 | 108.78 | 38.08 | -93.83 | -69.12 | 101.42 | 294.54 | 607.71 | 653.72 |
| Dividend Payout % | 5% | 6% | 7% | 7% | 9% | 9% | 26% | -5% | -14% | 10% | 7% | 7% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 30.77% | 75.49% | 0.56% | -18.33% | -2.72% | -65.03% | -348.00% | 26.61% | 247.25% | 189.55% | 106.44% |
| Change in YoY Net Profit Growth (%) | 0.00% | 44.72% | -74.93% | -18.89% | 15.61% | -62.31% | -282.97% | 374.61% | 220.64% | -57.70% | -83.11% |
Force Motors Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 21% |
| 3 Years: | 36% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 47% |
| 3 Years: | 100% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 74% |
| 3 Years: | 138% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 15% |
| Last Year: | 21% |
Last Updated: September 5, 2025, 3:30 pm
Balance Sheet
Last Updated: December 4, 2025, 2:53 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 1,215 | 1,306 | 1,476 | 1,654 | 1,788 | 1,920 | 1,952 | 1,825 | 1,735 | 1,862 | 2,242 | 3,020 | 3,493 |
| Borrowings | 20 | 11 | 14 | 199 | 0 | 286 | 310 | 642 | 1,069 | 955 | 524 | 17 | 0 |
| Other Liabilities | 527 | 645 | 801 | 738 | 722 | 617 | 823 | 757 | 844 | 1,184 | 1,635 | 2,083 | 1,836 |
| Total Liabilities | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
| Fixed Assets | 643 | 638 | 786 | 911 | 948 | 1,216 | 1,400 | 1,224 | 2,033 | 2,094 | 2,031 | 1,969 | 2,115 |
| CWIP | 206 | 240 | 205 | 220 | 369 | 372 | 445 | 725 | 302 | 154 | 171 | 287 | 190 |
| Investments | 0 | 0 | 14 | 9 | 10 | 23 | 78 | 100 | 111 | 97 | 91 | 103 | 95 |
| Other Assets | 925 | 1,097 | 1,300 | 1,463 | 1,196 | 1,225 | 1,175 | 1,189 | 1,215 | 1,668 | 2,121 | 2,775 | 2,941 |
| Total Assets | 1,775 | 1,975 | 2,305 | 2,604 | 2,523 | 2,836 | 3,098 | 3,238 | 3,661 | 4,013 | 4,415 | 5,134 | 5,342 |
Below is a detailed analysis of the balance sheet data for Force Motors Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 13.00 Cr..
- For Reserves, as of Sep 2025, the value is 3,493.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,020.00 Cr. (Mar 2025) to 3,493.00 Cr., marking an increase of 473.00 Cr..
- For Borrowings, as of Sep 2025, the value is 0.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 17.00 Cr. (Mar 2025) to 0.00 Cr., marking a decrease of 17.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 1,836.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,083.00 Cr. (Mar 2025) to 1,836.00 Cr., marking a decrease of 247.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 5,342.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,115.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,969.00 Cr. (Mar 2025) to 2,115.00 Cr., marking an increase of 146.00 Cr..
- For CWIP, as of Sep 2025, the value is 190.00 Cr.. The value appears to be declining and may need further review. It has decreased from 287.00 Cr. (Mar 2025) to 190.00 Cr., marking a decrease of 97.00 Cr..
- For Investments, as of Sep 2025, the value is 95.00 Cr.. The value appears to be declining and may need further review. It has decreased from 103.00 Cr. (Mar 2025) to 95.00 Cr., marking a decrease of 8.00 Cr..
- For Other Assets, as of Sep 2025, the value is 2,941.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,775.00 Cr. (Mar 2025) to 2,941.00 Cr., marking an increase of 166.00 Cr..
- For Total Assets, as of Sep 2025, the value is 5,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,134.00 Cr. (Mar 2025) to 5,342.00 Cr., marking an increase of 208.00 Cr..
Notably, the Reserves (3,493.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 77.00 | 136.00 | 260.00 | 69.00 | 268.00 | -11.00 | -49.00 | -618.00 | 49.00 | -642.00 | 373.00 | -16.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 24 | 17 | 18 | 14 | 26 | 17 | 20 | 23 | 21 | 14 | 5 | 8 |
| Inventory Days | 97 | 87 | 92 | 73 | 68 | 66 | 91 | 136 | 89 | 77 | 83 | 73 |
| Days Payable | 77 | 87 | 70 | 80 | 81 | 52 | 95 | 108 | 72 | 69 | 61 | 48 |
| Cash Conversion Cycle | 44 | 17 | 40 | 6 | 13 | 31 | 15 | 52 | 38 | 22 | 27 | 32 |
| Working Capital Days | 24 | 15 | 23 | 30 | 43 | 43 | 6 | -5 | -37 | -6 | -2 | 16 |
| ROCE % | 6% | 10% | 18% | 14% | 11% | 10% | 5% | -5% | -3% | 5% | 24% | 30% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Sundaram Flexicap Fund | 21,000 | 1.74 | 37.07 | N/A | N/A | N/A |
| Sundaram Value Fund | 19,735 | 2.35 | 34.84 | N/A | N/A | N/A |
| Sundaram ELSS Tax Saver Fund | 14,000 | 1.77 | 24.72 | 39,000 | 2025-10-30 05:55:10 | -64.1% |
| Shriram Flexi Cap Fund | 430 | 0.55 | 0.76 | N/A | N/A | N/A |
| Shriram ELSS Tax Saver Fund | 150 | 0.53 | 0.26 | N/A | N/A | N/A |
| LIC MF Equity Savings Fund | 39 | 0.22 | 0.07 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Diluted EPS (Rs.) | 607.71 | 294.54 | 101.43 | -69.13 | -93.83 |
| Cash EPS (Rs.) | 819.86 | 507.43 | 298.24 | 88.48 | 47.10 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 2301.54 | 1712.71 | 1424.22 | 1327.66 | 1395.85 |
| Revenue From Operations / Share (Rs.) | 6124.23 | 5305.11 | 3815.61 | 2458.59 | 1508.49 |
| PBDIT / Share (Rs.) | 871.99 | 719.11 | 297.30 | 90.30 | 28.82 |
| PBIT / Share (Rs.) | 659.36 | 516.72 | 114.64 | -54.58 | -102.94 |
| PBT / Share (Rs.) | 939.10 | 469.57 | 220.80 | -85.71 | -124.36 |
| Net Profit / Share (Rs.) | 607.24 | 305.04 | 115.58 | -56.39 | -84.67 |
| NP After MI And SOA / Share (Rs.) | 607.54 | 294.45 | 101.40 | -69.10 | -93.80 |
| PBDIT Margin (%) | 14.23 | 13.55 | 7.79 | 3.67 | 1.91 |
| PBIT Margin (%) | 10.76 | 9.74 | 3.00 | -2.21 | -6.82 |
| PBT Margin (%) | 15.33 | 8.85 | 5.78 | -3.48 | -8.24 |
| Net Profit Margin (%) | 9.91 | 5.74 | 3.02 | -2.29 | -5.61 |
| NP After MI And SOA Margin (%) | 9.92 | 5.55 | 2.65 | -2.81 | -6.21 |
| Return on Networth / Equity (%) | 26.39 | 17.20 | 7.12 | -5.21 | -6.72 |
| Return on Capital Employeed (%) | 25.49 | 24.50 | 6.03 | -3.02 | -5.73 |
| Return On Assets (%) | 15.59 | 8.79 | 3.32 | -2.48 | -3.81 |
| Long Term Debt / Equity (X) | 0.00 | 0.16 | 0.31 | 0.34 | 0.26 |
| Total Debt / Equity (X) | 0.01 | 0.23 | 0.50 | 0.61 | 0.28 |
| Asset Turnover Ratio (%) | 1.69 | 1.66 | 1.30 | 0.93 | 0.62 |
| Current Ratio (X) | 1.50 | 1.25 | 1.04 | 0.80 | 1.01 |
| Quick Ratio (X) | 0.80 | 0.53 | 0.48 | 0.30 | 0.37 |
| Inventory Turnover Ratio (X) | 6.88 | 5.26 | 5.37 | 4.32 | 2.74 |
| Dividend Payout Ratio (NP) (%) | 3.29 | 3.39 | 9.86 | -7.23 | -10.66 |
| Dividend Payout Ratio (CP) (%) | 2.43 | 2.01 | 3.52 | 6.59 | 26.33 |
| Earning Retention Ratio (%) | 96.71 | 96.61 | 90.14 | 107.23 | 110.66 |
| Cash Earning Retention Ratio (%) | 97.57 | 97.99 | 96.48 | 93.41 | 73.67 |
| Interest Coverage Ratio (X) | 44.43 | 15.25 | 5.73 | 2.90 | 1.35 |
| Interest Coverage Ratio (Post Tax) (X) | 16.68 | 7.47 | 0.18 | -0.81 | -2.95 |
| Enterprise Value (Cr.) | 11434.78 | 9625.28 | 2352.96 | 2346.33 | 2030.17 |
| EV / Net Operating Revenue (X) | 1.42 | 1.38 | 0.46 | 0.72 | 1.02 |
| EV / EBITDA (X) | 9.95 | 10.16 | 6.00 | 19.72 | 53.44 |
| MarketCap / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| Retention Ratios (%) | 96.70 | 96.60 | 90.13 | 107.23 | 110.66 |
| Price / BV (X) | 3.93 | 4.23 | 0.81 | 0.77 | 0.83 |
| Price / Net Operating Revenue (X) | 1.48 | 1.37 | 0.30 | 0.41 | 0.77 |
| EarningsYield | 0.06 | 0.04 | 0.08 | -0.06 | -0.08 |
After reviewing the key financial ratios for Force Motors Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Diluted EPS (Rs.), as of Mar 25, the value is 607.71. This value is within the healthy range. It has increased from 294.54 (Mar 24) to 607.71, marking an increase of 313.17.
- For Cash EPS (Rs.), as of Mar 25, the value is 819.86. This value is within the healthy range. It has increased from 507.43 (Mar 24) to 819.86, marking an increase of 312.43.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 2,301.54. It has increased from 1,712.71 (Mar 24) to 2,301.54, marking an increase of 588.83.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 6,124.23. It has increased from 5,305.11 (Mar 24) to 6,124.23, marking an increase of 819.12.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 871.99. This value is within the healthy range. It has increased from 719.11 (Mar 24) to 871.99, marking an increase of 152.88.
- For PBIT / Share (Rs.), as of Mar 25, the value is 659.36. This value is within the healthy range. It has increased from 516.72 (Mar 24) to 659.36, marking an increase of 142.64.
- For PBT / Share (Rs.), as of Mar 25, the value is 939.10. This value is within the healthy range. It has increased from 469.57 (Mar 24) to 939.10, marking an increase of 469.53.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 607.24. This value is within the healthy range. It has increased from 305.04 (Mar 24) to 607.24, marking an increase of 302.20.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 607.54. This value is within the healthy range. It has increased from 294.45 (Mar 24) to 607.54, marking an increase of 313.09.
- For PBDIT Margin (%), as of Mar 25, the value is 14.23. This value is within the healthy range. It has increased from 13.55 (Mar 24) to 14.23, marking an increase of 0.68.
- For PBIT Margin (%), as of Mar 25, the value is 10.76. This value is within the healthy range. It has increased from 9.74 (Mar 24) to 10.76, marking an increase of 1.02.
- For PBT Margin (%), as of Mar 25, the value is 15.33. This value is within the healthy range. It has increased from 8.85 (Mar 24) to 15.33, marking an increase of 6.48.
- For Net Profit Margin (%), as of Mar 25, the value is 9.91. This value is within the healthy range. It has increased from 5.74 (Mar 24) to 9.91, marking an increase of 4.17.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 9.92. This value is within the healthy range. It has increased from 5.55 (Mar 24) to 9.92, marking an increase of 4.37.
- For Return on Networth / Equity (%), as of Mar 25, the value is 26.39. This value is within the healthy range. It has increased from 17.20 (Mar 24) to 26.39, marking an increase of 9.19.
- For Return on Capital Employeed (%), as of Mar 25, the value is 25.49. This value is within the healthy range. It has increased from 24.50 (Mar 24) to 25.49, marking an increase of 0.99.
- For Return On Assets (%), as of Mar 25, the value is 15.59. This value is within the healthy range. It has increased from 8.79 (Mar 24) to 15.59, marking an increase of 6.80.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. It has decreased from 0.16 (Mar 24) to 0.00, marking a decrease of 0.16.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.01, marking a decrease of 0.22.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.69. It has increased from 1.66 (Mar 24) to 1.69, marking an increase of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 1.50. This value is within the healthy range. It has increased from 1.25 (Mar 24) to 1.50, marking an increase of 0.25.
- For Quick Ratio (X), as of Mar 25, the value is 0.80. This value is below the healthy minimum of 1. It has increased from 0.53 (Mar 24) to 0.80, marking an increase of 0.27.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.88. This value is within the healthy range. It has increased from 5.26 (Mar 24) to 6.88, marking an increase of 1.62.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 3.29. This value is below the healthy minimum of 20. It has decreased from 3.39 (Mar 24) to 3.29, marking a decrease of 0.10.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 2.43. This value is below the healthy minimum of 20. It has increased from 2.01 (Mar 24) to 2.43, marking an increase of 0.42.
- For Earning Retention Ratio (%), as of Mar 25, the value is 96.71. This value exceeds the healthy maximum of 70. It has increased from 96.61 (Mar 24) to 96.71, marking an increase of 0.10.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 97.57. This value exceeds the healthy maximum of 70. It has decreased from 97.99 (Mar 24) to 97.57, marking a decrease of 0.42.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 44.43. This value is within the healthy range. It has increased from 15.25 (Mar 24) to 44.43, marking an increase of 29.18.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.68. This value is within the healthy range. It has increased from 7.47 (Mar 24) to 16.68, marking an increase of 9.21.
- For Enterprise Value (Cr.), as of Mar 25, the value is 11,434.78. It has increased from 9,625.28 (Mar 24) to 11,434.78, marking an increase of 1,809.50.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.42. This value is within the healthy range. It has increased from 1.38 (Mar 24) to 1.42, marking an increase of 0.04.
- For EV / EBITDA (X), as of Mar 25, the value is 9.95. This value is within the healthy range. It has decreased from 10.16 (Mar 24) to 9.95, marking a decrease of 0.21.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For Retention Ratios (%), as of Mar 25, the value is 96.70. This value exceeds the healthy maximum of 70. It has increased from 96.60 (Mar 24) to 96.70, marking an increase of 0.10.
- For Price / BV (X), as of Mar 25, the value is 3.93. This value exceeds the healthy maximum of 3. It has decreased from 4.23 (Mar 24) to 3.93, marking a decrease of 0.30.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.48. This value is within the healthy range. It has increased from 1.37 (Mar 24) to 1.48, marking an increase of 0.11.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.04 (Mar 24) to 0.06, marking an increase of 0.02.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Force Motors Ltd:
- Net Profit Margin: 9.91%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 25.49% (Industry Average ROCE: 22.38%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 26.39% (Industry Average ROE: 25.68%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.68
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.8
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 28 (Industry average Stock P/E: 33.19)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 9.91%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Auto - LCVs/HCVs | Mumbai-Pune Road, Akurdi, Pune Maharashtra 411035 | compliance-officer@forcemotors.com http://www.forcemotors.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Abhaykumar Navalmal Firodia | Chairman |
| Mr. Prasan Abhaykumar Firodia | Managing Director |
| Mr. Prashant V Inamdar | Executive Director - Operations |
| Ms. Sonia Prashar | Independent Director |
| Mr. Vallabh Roopchand Bhanshali | Independent Director |
| Mr. Mukesh Mangalbhai Patel | Independent Director |
FAQ
What is the intrinsic value of Force Motors Ltd?
Force Motors Ltd's intrinsic value (as of 13 December 2025) is 12426.65 which is 28.64% lower the current market price of 17,415.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 22,946 Cr. market cap, FY2025-2026 high/low of 22,000/6,125, reserves of ₹3,493 Cr, and liabilities of 5,342 Cr.
What is the Market Cap of Force Motors Ltd?
The Market Cap of Force Motors Ltd is 22,946 Cr..
What is the current Stock Price of Force Motors Ltd as on 13 December 2025?
The current stock price of Force Motors Ltd as on 13 December 2025 is 17,415.
What is the High / Low of Force Motors Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Force Motors Ltd stocks is 22,000/6,125.
What is the Stock P/E of Force Motors Ltd?
The Stock P/E of Force Motors Ltd is 28.0.
What is the Book Value of Force Motors Ltd?
The Book Value of Force Motors Ltd is 2,661.
What is the Dividend Yield of Force Motors Ltd?
The Dividend Yield of Force Motors Ltd is 0.23 %.
What is the ROCE of Force Motors Ltd?
The ROCE of Force Motors Ltd is 30.0 %.
What is the ROE of Force Motors Ltd?
The ROE of Force Motors Ltd is 20.8 %.
What is the Face Value of Force Motors Ltd?
The Face Value of Force Motors Ltd is 10.0.